DOW 8,504.08 +235.44
NASDAQ 1,732.36 +52.22
SP500 909.71 +26.83
Indices gapped up and pushed higher into the close. May have a couple days of moderately higher prices.
FASB changed accounting rules so that financial off-balance sheet toxic junk must be accounted for and this is retroactive to last Fall. This could hurt financial's "profits".
Bonds, dollar, and gold were all down.
GLD 90.25 -1.30
SLV 13.59 -0.18
PTM 13.7201 +0.3401
SIGM 14.58 +0.90
DUG 18.70 -1.32
QID 36.99 -1.96
XLE 49.63 +1.63. Crude oil up $2 and the major integrated companies lagged.
XLF 12.282 +0.752. Price spread higher with lighter volume.
DZZ 22.49 +0.70. PowerShares DB Gold Double Short ETN.
URE 3.77 +0.51 (15.64%). Good volume.
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